Proprietary Reports with Analysis on American Express U.S. Payment Card Operational Performance.
The impact of the loss of the U.S. Costco and JetBlue programs continues to manifest itself in the American Express (AmEx) U.S. Card Services (USCS) unit during the first quarter (1Q/17), according to CardData.
AmEx reported 1Q/17 gross revenue for USCS decreased 8.0% YOY to $3019 million, compared to $3030 million for the fourth quarter and $3280 million for the first quarter of 2016.
USCS first quarter net income sunk by 32.4% YOY to $469 million, compared to . . .